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Image 1 - 11429-11431 South Doctor Martin Luther King Junior Drive, Chicago, IL 60628, USA - House for sale
Image 2 - 11429-11431 South Doctor Martin Luther King Junior Drive, Chicago, IL 60628, USA - House for sale
Image 3 - 11429-11431 South Doctor Martin Luther King Junior Drive, Chicago, IL 60628, USA - House for sale
Image 4 - 11429-11431 South Doctor Martin Luther King Junior Drive, Chicago, IL 60628, USA - House for sale
Image 5 - 11429-11431 South Doctor Martin Luther King Junior Drive, Chicago, IL 60628, USA - House for sale
Image 6 - 11429-11431 South Doctor Martin Luther King Junior Drive, Chicago, IL 60628, USA - House for sale
Image 7 - 11429-11431 South Doctor Martin Luther King Junior Drive, Chicago, IL 60628, USA - House for sale
Image 8 - 11429-11431 South Doctor Martin Luther King Junior Drive, Chicago, IL 60628, USA - House for sale
Image 9 - 11429-11431 South Doctor Martin Luther King Junior Drive, Chicago, IL 60628, USA - House for sale
Home For Sale In Chicago, Illinois
11429-11431 South Doctor Martin Luther King Junior Drive, Chicago, IL 60628, USA

Home For Sale In Chicago, Illinois

house for sale
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Listed: 04/05/24

11429-11431 South Doctor Martin Luther King Junior Drive, Chicago, IL 60628, USA

Studio Bed:
3 Bath:
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Price
$ 449,900

About This House

Great opportunity for the new or seasoned investor to acquire this 6-unit income-generating property. This property offers solid cash flow, has upward potential of 14% cap rate, and an upward potential of cash on cash return of 32%. The property has a new back porch (1-year old). The adjacent parking lot with separatePIN, 5parking spaces, and a 2.5-car garage can generate additional income. Professionally managed. Being sold as-is. Four of the 6 units are currently leased. Perfect for the owner-occupant situation! Showings by appointment only. The property won't last long, schedule a showing today!

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Arcade Row Housing & Living

Household Income

Median household income: $57,238
Number of households: 1,1M
The average household income in Chicago, IL grew from $55,295 to $57,238 in the past year. This data is an estimate based upon 1,1M households in Chicago, IL.
The chart below presents how household income is distributed in Chicago, IL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Chicago, IL compared to median property taxes around the country. The prevalent amount of property taxes in Chicago, IL equals $3k+ , which is more than the national average.